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Telegram CEO Pavel Durov calls Gram 'ridiculously undervalued' after 8% gain

Telegram CEO Pavel Durov declared that the Gram token is 'ridiculously undervalued' and belongs in CoinMarketCap's top three after it gained over 8% amid a broader crypto market downturn.

Portrait of Telegram CEO Pavel Durov smiling
Image: @MrketInsider

Telegram founder and CEO Pavel Durov claimed the Gram token is significantly underpriced following a divergence from the rest of the cryptocurrency market, according to posts shared by market trackers DEGEN NEWS and Crypto Briefing. In a post published to his account, Durov noted that the broader crypto space was a "sea of red" while "only Gram is up +8%." He called Gram "the only coin built into a real social ecosystem" and asserted that it is "still ridiculously undervalued" and "belongs in CMC's top 3," adding, "One day it'll get there."[1][2][3]

An image of the market rankings included in Durov's post showed GRAM trading at $1.12, reflecting an 8.65% gain over the prior 24 hours and a market capitalization of roughly $3.21 billion. The surrounding leaderboard showed negative 24-hour returns for multiple competing assets, including Litecoin (-2.19%), Avalanche (-4.28%), CC (-2.50%), Sui (-3.57%), and Tether Gold (-2.41%).[2]

Key facts

  • Telegram CEO Pavel Durov posted that Gram was up 8% while the broader cryptocurrency market was a "sea of red."
  • Durov called Gram "the only coin built into a real social ecosystem" and claimed it is "still ridiculously undervalued."
  • Durov stated that Gram belongs in CoinMarketCap's top three and wrote, "One day it'll get there."
  • A market ranking table shared by Durov listed GRAM at $1.12, up 8.65% over 24 hours with a market cap of approximately $3.21 billion.
  • The table showed 24-hour declines for other assets, including Litecoin (-2.19%), Avalanche (-4.28%), CC (-2.50%), Sui (-3.57%), and Tether Gold (-2.41%).

Sources · 3 sources

  1. MI

    Market Insider@MrketInsiderPost on X ·

    JUST IN: PAVEL DUROV SAYS $GRAM IS RIDICULOUSLY UNDERVALUED “CRYPTO’S A SEA OF RED. ONLY $GRAM IS UP 8%” “IT’S THE ONLY COIN BUILT INTO A REAL SOCIAL ECOSYSTEM” “IT BELONGS IN CMC’S TOP 3” https://t.co/9pohcdgDEx

    Open source
  2. DN

    DEGEN NEWS@DegenerateNewsPost on X ·

    NEW: @telegram CEO @durov SAYS "ONLY GRAM IS UP +8%" WHILE CRYPTO IS "A SEA OF RED" - CALLING IT "THE ONLY COIN BUILT INTO A REAL SOCIAL ECOSYSTEM" HE SAYS IT'S "RIDICULOUSLY UNDERVALUED" AND "BELONGS IN CMC'S TOP 3" https://t.co/psBlblFVAv

    Open source
  3. CB

    Crypto Briefing@Crypto_BriefingPost on X ·

    💎 NEW: Telegram founder Pavel Durov says the-open-network:native is up 8% despite the broader crypto market selloff. Durov calls the token "ridiculously undervalued," arguing that its integration into Telegram's social ecosystem makes it worthy of a top 3 ranking on CoinMarketCap.

    Open source